* ยง 2474. Extraordinary conditions provision. In the event that a
participating municipality fails to make its required payment in whole
or in part, to the authority because of extraordinary conditions beyond
the control of the participating municipality as determined by the
authority, the chairman of the authority shall certify such conditions
to the comptroller. The comptroller upon receipt of such certification
from the authority shall withhold state aid in the same manner as set
forth in section twenty-four hundred seventy-three in an amount not to
exceed eighty per centum of the total required payment minus the amount
paid by the municipality. The comptroller shall immediately pay over to
the sports facilities income fund account the amount so withheld. In
such cases, the authority shall provide for the outstanding amounts so
due in an appropriate and timely manner.
* NB (Disbanded March, 1980)
Structure New York Laws
Article 8 - Miscellaneous Authorities
Title 19 - New York State Sports Authority
2463 - New York State Sports Authority.
2464 - General Powers of the Authority.
2465 - Plans for Sports Facilities.
2466 - The Acquisition of Real Property.
2467 - Bond and Note Authorization.
2468 - Bonds and Notes of the Authority.
2469 - Security for Bonds or Notes; Construction and Acquisition of Sports Facilities.
2470 - Resources of Authority.
2473 - State Aid Guarantee; Withholding Thereof.
2474 - Extraordinary Conditions Provision.
2475 - Remedies of Bondholders and Noteholders.
2476 - State and Municipalities Not Liable on Bonds and Notes.
2477 - Agreement of the State.
2479 - Exemption From Taxation of Bonds and Notes.
2480 - Bonds and Notes as Legal Investments for Public Officers and Fiduciaries.
2482 - Limitation of Liability.
2483 - Assistance by State Officers, Departments, Boards and Commissions.
2485 - Court Proceedings; Preferences; Venue.